Understanding the Endogeneity Between Firm Value and Shareholder Rights

2005 ◽  
Author(s):  
Jianxin Daniel Chi
Keyword(s):  
Firm Value ◽  
Shareholder Rights

scholarly journals Thirty Years of Shareholder Rights and Firm Value

2014 ◽  
Vol 69 (3) ◽  
pp. 1167-1196 ◽  
Author(s):  
MARTIJN CREMERS ◽  
ALLEN FERRELL
Keyword(s):  
Firm Value ◽  
Shareholder Rights

scholarly journals Corporate Governance, Shareholder Rights, and Shareholder Rights Plans: Poison, Placebo, or Prescription?

2008 ◽  
Vol 43 (2) ◽  
pp. 381-400 ◽  
Author(s):  
Gary L. Caton ◽  
Jeremy Goh
Keyword(s):  
Corporate Governance ◽  
Stock Returns ◽  
Firm Value ◽  
Abnormal Returns ◽  
Governance Structure ◽  
Shareholder Rights ◽  
Corporate Governance Structure ◽  
Earnings Growth ◽  
Forecast Revisions ◽  
Abnormal Stock Returns

AbstractWe examine the effect of poison pill adoptions on firm value, controlling for the adopting firm's preexisting corporate governance structure. We find that only companies with the most democratic governance structures, defined as those with the fewest preexisting protective governance provisions, experience significantly positive abnormal stock returns and significantly positive abnormal revisions in five-year earnings growth rate forecasts. Moreover, regression results indicate that abnormal returns and forecast revisions are significantly related to governance structure and not to board composition or subsequent merger activity.

scholarly journals Corporate governance and firm value: Evidence from Canadian capital markets

2009 ◽  
Vol 6 (3) ◽  
pp. 293-307 ◽  
Author(s):  
Parveen Gupta ◽  
Duane Kennedy ◽  
Samuel Weaver
Keyword(s):  
Corporate Governance ◽  
Capital Markets ◽  
Firm Value ◽  
Ceo Compensation ◽  
Board Composition ◽  
Shareholder Rights ◽  
Board Governance ◽  
Using Data ◽  
Composite Scores ◽  
Governance Disclosure

The Globe and Mail’s Report on Business annually publishes governance rankings for more than 200 companies represented in the TSX/S&P index. There are four sub-categories that comprise the composite scores: board composition; board and CEO compensation; shareholder rights; and board governance disclosure. The purpose of this paper is to examine the association between the composite or sub-category corporate governance scores and various measures of firm value. We test for this association using data for 2002 through 2005 on the Report on Business rankings and various financial and market measures. Overall, our study does not find an association between the composite or subcategory corporate governance scores and the various measures of firm value.

scholarly journals Which anti-takeover devices affect firm value?

2005 ◽  
Vol 2 (3) ◽  
pp. 68-78
Author(s):  
William Bosworth
Keyword(s):  
Firm Value ◽  
The Other ◽  
Shareholder Rights ◽  
Two Stage ◽  
Cross Sectional ◽  
Tobin's Q ◽  
Cross Sectional Analysis ◽  
Staggered Boards ◽  
The Cost ◽  
Sectional Analysis

This research is a two-stage, cross sectional analysis that finds evidence that nine antitakeover defenses (ATDs) are associated with lower firm value in terms of Tobin’s Q. Of the nine, six are limits on shareholder rights such as staggered boards. The other four have the potential of increasing the cost of a takeover such as pension parachutes that prohibit successor firms from using pension surpluses to finance the takeover. Six ATDs, such as anti-greenmail provisions, are associated with higher firm values.

Pengaruh Kinerja Keuangan Dan Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan Perbankan Di Bursa Efek Indonesia

2018 ◽  
Vol 26 (1) ◽  
pp. 95-111
Author(s):  
Sulastiningsih Sulastiningsih ◽  
Rizka Imanita Sholihati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Value ◽  
Research Method ◽  
Quantitative Research ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Corporate Social

This study aims to determine whether the financial performance measured by using CAR, ROA, LDR, BOPO, and CSR can affect the value of banking companies as measured by using PBV. This study uses secondary data taken from the annual report of banking companies during the year 2012-2016 listed on the Indonesia Stock Exchange. The number of samples of this study as many as 25 banking companies with a total of 125 data. This research method is quantitative research. The results of this study indicate the effect of CAR, ROA, LDR, BOPO, and CSR variables on firm value measured by using PBV in a banking company listed on the Indonesia Stock Exchange. Keywords: CAR, ROA, LDR, BOPO, CSR, PBV

Sign in / Sign up

Export Citation Format

Share Document